FORM 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

August 28, 2015

 

 

 

BHP BILLITON LIMITED    BHP BILLITON PLC

(ABN 49 004 028 077)

(Exact name of Registrant as specified in its charter)

  

(REG. NO. 3196209)

(Exact name of Registrant as specified in its charter)

VICTORIA, AUSTRALIA

(Jurisdiction of incorporation or organisation)

 

171 COLLINS STREET, MELBOURNE,

VICTORIA 3000 AUSTRALIA

(Address of principal executive offices)

  

ENGLAND AND WALES

(Jurisdiction of incorporation or organisation)

 

NEATHOUSE PLACE, VICTORIA, LONDON,

UNITED KINGDOM

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:    x  Form 20-F     ¨  Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ¨

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:    ¨  Yes    x  No

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a

 

 

 


LOGO

 

   

BHP Billiton Limited

171 Collins Street

Melbourne Victoria 3000 Australia

GPO BOX 86

Melbourne Victoria 3001 Australia

Tel +61 1300 55 47 57 Fax +61 3 9609 3015

bhpbilliton.com

    

BHP Billiton Plc

Neathouse Place

London SW1V 1LH UK

Tel +44 20 7802 4000

Fax + 44 20 7802 4111

bhpbilliton.com

Company Secretariat

28 August 2015

 

To:    Australian Securities Exchange    cc:    New York Stock Exchange
   London Stock Exchange       JSE Limited

Notification of Change of Interests of Directors and Connected Persons

(Australian Securities Exchange Listing Rules Appendix 3Y)

(Listing Rules & Disclosure and Transparency Rules of the UK Listing Authority)

 

Name of entities    BHP Billiton Limited    BHP Billiton Plc
   ABN 49 004 028 077    REG NO 3196209

As part of a dual listed company structure, the Group voluntarily notifies all stock exchanges on which either BHP Billiton Limited or BHP Billiton Plc have primary or secondary listings, all those interests of directors and persons discharging managerial responsibilities of both entities in the securities of both entities (and changes to those interests) which are required to be disclosed under the Australian Securities Exchange (ASX) Listing Rules, Listing Rules & Disclosure and Transparency Rules of the United Kingdom Listing Authority, the Australian Corporations Act, the United Kingdom Companies Acts and the Group’s Securities Dealing document.

We (the entities) advise the following information under ASX Listing Rule 3.19A.2, the UK Listing Authority Disclosure and Transparency Rule 3.1.4 and as agent for the director for the purposes of section 205G of the Australian Corporations Act and in accordance with the Group’s Securities Dealing document.

 

Name of person discharging managerial responsibilities    Andrew Mackenzie
Date of last notice    26 May 2015
Date issuer informed of transaction    27 August 2015
Date and place of transaction   

27 August 2015 (Australian Securities Exchange)

The employee share plan trust purchased the shares. The shares were allocated, and the issuer was informed on 27

August 2015.

Nature of transaction   

The acquisition of:

 

•    30,312 ordinary shares in BHP Billiton Limited following the vesting of Deferred Shares under the 2013 Group Incentive Scheme (GIS); and


  

•    1,982* ordinary shares in BHP Billiton Limited in accordance with the Group’s policy on Dividend Equivalent Payments (DEPs).

 

In addition, an on-market sale of 15,719 ordinary shares on the Australian Securities Exchange, made in order to meet expected tax obligations.

 

*  Certain awards granted under BHP Billiton equity plans include eligibility to receive a DEP as described in the BHP Billiton Remuneration Report. During 2013 the Remuneration Committee determined the DEP on certain awards would be provided in the form of ordinary shares.

Part 1 – Change of relevant interests in securities

Included in this Part are:

 

    in the case of a trust, interests in the trust made available by the responsible entity of the trust;

 

    details of the circumstance giving rise to the relevant interest;

 

    details and estimated valuation if the consideration is non-cash; and

 

    changes in the relevant interest of Connected Persons of the director.

 

Direct or indirect interest    Indirect
Nature of indirect interest (including registered holder)   

Andrew Mackenzie has an indirect interest in 266,246 ordinary shares in BHP Billiton Plc and 16,575* ordinary shares in BHP Billiton Limited held by Pershing Nominees held jointly by Andrew Mackenzie and Elizabeth Mackenzie, of which Andrew Mackenzie is a beneficiary.

 

*  Note – total above reflects shares transferred in this transaction.

Date of change    27 August 2015
No. of securities held prior to change    266,246 (BHP Billiton Plc) – indirect
Class    Ordinary Shares in BHP Billiton Limited
Number acquired    32,294 (BHP Billiton Limited)
Number disposed    15,719 (BHP Billiton Limited)
Value/Consideration   

Vesting of 30,312 at nil cost

1,982 DEP in shares – nil cost

Sale of 15,719 at $24.13 per share (average)

No. of securities held after change   

16,575 (BHP Billiton Limited) – indirect

266,246 (BHP Billiton Plc) – indirect

Nature of change

 

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

   Please see “nature of transaction” above.
Any additional information   


Part 2 – Change of interests in contracts other than as described in Part 4

Included in this Part are:

 

    only details of a contract in relation to which the interest has changed; and

 

    details and estimated valuation if the consideration is non-cash.

 

Detail of contract   
Nature of interest   

Name of registered holder

(if issued securities)

  
No. and class of securities to which interest related prior to change   
Interest acquired   
Interest disposed   
Value/Consideration   
Interest after change   

Part 3 – Closed period

 

Were the interests in the securities or contacts detailed above traded during a closed period where prior written consent was required?    No
If so, was prior written clearance provided to allow the trade to proceed during this period?    Under our Securities Dealing Policy a Person Discharging Managerial Responsibilities cannot deal in BHP Billiton Securities without prior written clearance. This requirement applies to all dealings, including those that occur outside of a Close Period.
If prior written clearance was provided, on what date was this provided?   

Part 4 – Change of interests in options or other rights granted by the entities

Included in this Part are only details of options or other rights granted which have changed, save for the total number of securities over which options or other rights are held following this notification.

 

Date of grant   
Period during which or date on which exercisable   
Total amount paid (if any) for the grant   
Description of securities involved: class; number   


Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise   
Total number of securities over which options or other rights held at the date of this notice   

BHP Billiton Plc:

 

309,899 – maximum number of Performance Shares (ordinary shares of BHP Billiton Plc) under the LTIP

 

30,389 – vested GIS options (ordinary shares of BHP Billiton Plc)

 

——————

 

340,288 – Total

 

BHP Billiton Limited:

 

438,560 – maximum number of Performance Shares (ordinary shares of BHP Billiton Limited) under the LTIP

 

73,527 – maximum number of Deferred Shares (ordinary shares of BHP Billiton Limited) under the STIP

 

——————

 

512,087 – Total

Any additional information   

This notification is in respect of the vesting of Deferred Shares under GIS (see part 1).

 

2010 LTIP – nil vesting

 

None of Mr Mackenzie’s 129,648 2010 Long Term Incentive Plan (LTIP) awards vested. BHP Billiton’s five year TSR performance was negative 15.2 per cent over the five-year period from 1 July 2010 to 30 June 2015. This is below the weighted median TSR of peer companies of negative 4.5 per cent and below the TSR of the MSCI World index of positive 78.6 per cent. This level of performance results in zero vesting for the 2010 LTIP awards, and accordingly the awards have lapsed.

Part 5 – Contact details

 

Name of authorised officers responsible for making this notification on behalf of the entities    Rachel Agnew
Contact details   

Rachel Agnew     Tel: +61 3 9609 3730

                             Fax: +61 3 9611 1044

 

BHP Billiton Limited ABN 49 004 028 077    BHP Billiton Plc Registration number 3196209
Registered in Australia    Registered in England and Wales
Registered Office: 171 Collins Street Melbourne Victoria 3000    Registered Office: Neathouse Place, London SW1V 1LH UK

Members of the BHP Billiton Group which is headquartered in Australia


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

        BHP Billiton Limited and BHP Billiton Plc
Date: August 28, 2015       By:  

/s/ Rachel Agnew

      Name:   Rachel Agnew
      Title:   Company Secretary